News & Insights
Shields Legal’s Founder is also an Author
Jim Shields, successful attorney, entrepreneur, and founder, is now an author. Jim’s book, "Wealth that Lasts: 10 Principles of Legacy Wealth", shares the wisdom he has gained from the experiences, opportunities, and choices throughout his life and...
Answers to Frequently Asked Questions Regarding the Texas Data Privacy and Security Act
Q. What is the TDPSA? The Texas Data Privacy and Security Act (TDPSA), Chapter 541 of the Texas Business and Commerce Code, is a data privacy consumer protection law signed into law by Governor Greg Abbott in June 2023, making Texas the tenth...
Texas Attorney General’s Office Prepares To Double Down On Enforcement Of Texans’ Privacy Rights
On June 4, 2024, Texas Attorney General Ken Paxton announced the launching of a data privacy and security initiative for the purpose of protecting the privacy rights of Texans and safeguarding their sensitive data. The press release...
The FTC Rule on Non-Competes – the Saga Moves to the Courthouse
Background On April 23, 2024, the Federal Trade Commission (“FTC”) voted to adopt a rule (the “FTC Rule”) that, as a matter of federal law, bans “non-compete” contract clauses as “unfair methods of competition,” with few exceptions and requires...
What You Need to Know About the Corporate Transparency Act
Most business entities operating in the United States must be formed or registered to do business in one or more states, depending on the type of entity and the state in which they choose to operate. Each state governs the form, timing, and filing...
Shields Legal Celebrates a Decade of Community Engagement
Shields Legal is dedicated to investing our very best selves in the communities we serve. We’ve proudly supported numerous charitable causes, and year-by-year, we continue to build a formidable culture of good corporate citizenship. Back in 2014,...
The Corporate Transparency Act: Lender Considerations
Introduction As the requirements of the Corporate Transparency Act (“CTA”) phase in to cover companies in 2024 and 2025, many borrowers and guarantors will have new reporting obligations with stiff penalties for non-compliance. These penalties...
Insurance Update re Weather Claims: Payment of Full Appraisal Award and Interest Bar Insureds from Recovering Attorney’s Fees
The Texas Insurance Code was amended in 2017 to add Section 542A to address insurance claims arising “from damage to or loss of covered property caused, wholly or partly, by forces of nature, including an earthquake or earth tremor, a wildfire, a...
Texas Non-Competes and the FTC’s Proposed Rule
Texas law on the enforceability of noncompete clauses has taken a long and twisted path to end up where it is today: a general view in favor of enforceability with certain exceptions meant to protect against egregious outcomes. This is all fine and...
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